Member Info for Bladesman

Lets face it, all of the other creditors know this is good deal which is why they have all signed up for it and they also know what ARCM are up to, ie no good but themselves , to everyone esle's detriment.The market also likes it which is why the PMO sp has held up so well despite poo dropping. TD can do nothing about the poo, but he is building a world class E&P Oil business and addressing the debt issue brilliantly. Utilising the tax losses of £4bn by swapping UK revenues for Mexican revenues , is a master stroke. This deal is transnational which everyone bar ARMC knows it is, which is why they are against it. Vote YES

I'm assuming based on press articles ( not just telegraph) and the delay in pmo making announcement re sale conclusion . Might be wrong of course, and happy to proved so!

Disappointing this is being held up due to legal disputes. Now looks like Q2 before any news. Frustrating as this week looks like clearing up the re fini. Hey ho.

I expect any statements in the Telegraph article that are false to be firmly and swiftly corrected by pmo tomorrow in a tweet. Best to have the facts, I think.

In reality none of us know how this will play out. In the end though, the fundamentals of pmo will win through so long as the macro situation holds up ie World economy, corona virus concerns and of course poo. None the less I believe the cards are in pmo's favour. As we have all said, not long to wait to see the final episode of this huge business soap opera. Would make great veiwing! GLA.

Pmo have called the creditors meeting following court approval. This would not be going ahead unless pmo has secured the required irrevocable approvals. Its inconceivable this deal will not be approved.

I agree, this is all about creditirs over the line then the rest is all about timing. The macro scene is not supportive right now but given a month things may be a whole lot better. Patience required

Grips, we should expect Rns 7 am following day as confirmation although expect rumours will leak out ahead of that which may well impact on SP. I too am heavily commited so stand shoulder to shoulder with you and all other lth's GLA

Grips, since Solan TD has played a blinder on deals. We have to trust him that he has not only got this right but has also seen off this cancer on our back, aka ARCM.

Towards d day on 12th next week. Pressure building on ARCM short position

Would be good, or at least pre the creditors meeting on 12 Feb. Only 5 working days now to big decision day.

No recent board appointments so this is fake news, to coin a phrase.

Whoever, that's still a huge amount out on loan. So, if pmo pull this off and poo behaves, that's hell of a squeeze. As Fergue would say "squeaky bum time"

Blimey. If ARCM have previously underreported their shorts position and is now massively more than they have said, they have much much more to buy to repay the lender. Interesting to see how this plays out over the next 5 working days.

No I don't think so. When they close the SP will rocket. This is just a small bounce on the back of oil being oversold due to the virus. More to come...

Just sent this email to ARCM's PR agency ..........
"I suggest you advise your client they are fighting a costly losing battle opposing these plans. No one is buying your arguments and this (acquisition and fundraising) deal WILL get approved at the creditors meeting in one week’s time. Time to accept the position and close out the short now whilst the PMO share price is at such a low point. Otherwise risk a “Tesla style” short squeeze which would be extremely costly for ARCM "

MEssage to ARCM..... time to CLOSE. The game is up. Tesla moment coming.

With only one week to go before the creditors meeting. Will they stick or twist? Hmmmm, interesting week ahead and more so if poo bottoms out and even starts a recovery.

Beerbull, I agree it's no brainer and these new assets will have paid for themselves in no time. That's why 41 out of 42 creditors like the new finance terms ( which are very affordable) and the SP has arisen accordingly. Great move by TD and Co.

Pelata, I posed some questions of my own to arcm, s pr company. They promised to get back to me but as yet all I have had are their questions to pmo. Seems like their pr is only designed to ask questions not answer them such as :why they think they are the only institution who say pmo have played this wrong, and now they are the only player to have a short above 0.5 per cent. Hmmm, make your conclusions!